When you open a Hi Saver savings account and maintain a balance of $5,000 or more, you can earn bonus interest at the variable Bonus Interest Rate for the first 4 months on top of the variable standard rate.

Bonus interest rate - Open an account and maintain a minimum account balance of $5,000 and earn a variable Bonus Interest Rate for the first 4 months.

Automatically save - with P&N's Pay&Save. Link to an & Transaction Account with Pay&Save and you can round up Visa Debit purchases to the nearest dollar – and save the difference into your Hi Saver account.

No account fees - and no minimum opening balance.

No strings attached - No regular deposits required and you're not locked into a fixed term.

For new members:

If you are not an existing P&N Bank member you can open your account online.

To apply for an account online you must:

be 18 years of age

be an individual

be an Australian resident with a current Australian residential address, and

have two forms of identification, either an Australian Drivers Licence, Australian Passport or Medicare card.

To open a new account you must become a P&N Bank member.

You don’t have to quote your Tax File Number or claim an exemption, however, if you don’t, you could have withholding tax deducted from any interest credited. You can supply your Tax File Number at any time by visiting a branch or contacting us.

In person

Apply for a bank account at your nearest branch. You must be 12 years of age or older.

If you’re joining as a brand new member, you need your Australian driver's licence or a valid passport. You can also use one form of primary ID without your photo (eg. your birth certificate or citizenship papers) with one form of secondary ID (eg. your most recent power bill). Original and certified copies of documents are accepted.

Standard interest rate valid for accounts that maintain an account balance of $5,000 or more. No interest payable on amounts below $5,000.

Each of the Standard Interest Rate and the Bonus Interest Rate are variable and are subject to change and may change at any time including between the time you apply for a P&N Hi Saver Account and when your account is opened.

If you have ever previously opened a Hi Saver account (either as a joint or single account holder), the Bonus Interest Rate will not apply to any accounts you may open subsequently (either as a joint or single account holder).